Colgate-Palmolive
Headquarters:
300 Park Avenue
New York, NY 10022
Phone: (212) 310-2000
Employees: 36,600
CEO: Ian Cook
Stock Symbol: CL
Website:
http://www.colgate.com
Career Site
Colgate-Palmolive is a leading consumer
products company known for its products focused on Oral Care,
Personal Care, Home Care and Pet Nutrition.
Colgate sells its products in over 200
countries and territories around the world under such internationally
recognized brand names as Colgate, Palmolive, Mennen, Softsoap,
Irish Spring, Protex, Sorriso, Kolynos, Elmex, Tom's of Maine,
Ajax, Axion, Soupline, and Suavitel, as well as Hill's Science
Diet and Hill's Prescription Diet.
In 2009, the company reported sales of $15.32 billion, about even with a year ago, and net income of $2.29 billion.
"We are delighted that Colgate's global market shares in toothpaste and manual toothbrushes both finished the year at record highs." said Ian Cook, President and CEO. "Colgate's share of the global toothpaste market strengthened to 45.1% for the year, led by share gains in Mexico, Brazil, China, Hong Kong, India, Russia and Venezuela. Colgate also strengthened its global leadership in manual toothbrushes, with its global market share in that category reaching 31.0% year to date, up 0.6 share points versus year ago."
Colgate's leadership of the U.S. toothpaste market continued with its market share at 36.2% for the year. Colgate Total Enamel Strength, Colgate Sensitive Enamel Protect and Colgate Max White with Mini Bright Strips toothpastes contributed to growth in the quarter. Colgate's share of the manual toothbrush market reached a record 32.2% year to date, up 5.2 share points versus year ago, including new Colgate Wisp mini-brush whose market share reached 5.0% year to date and 6.3% for the fourth quarter. Colgate 360° ActiFlex, Colgate Max Fresh and Colgate Max White manual toothbrushes also contributed to the share gains.
Successful new products contributing to growth in the U.S. in other categories include Softsoap Nutri Serums, Softsoap Body Butter Coconut Scrub, Irish Spring Hair and Body and Cool Relief body washes, and Palmolive Pure + Caring and Ajax Lime with Bleach Alternative dish liquids.
History
In 1806 William Colgate opened a soapmaking
business in New York called Colgate & Company. It
was not until the 1830s that the company began selling individual
bars in uniform weights. In 1872 Colgate introduced Cashmere
Bouquet, a perfumed soap. In 1908 they sold their first tube
of toothpaste.
In the Western United States, the B.J.
Johnson Company was making a soap entirely of palm and olive
oil. The soap was popular enough to rename their company after
it - Palmolive.
A Kansas based soap manufacturer known
as the Peet Brothers merged with Palmolive to become Palmolive-Peet.
In 1928, Palmolive-Peet joined the Colgate Company to create
the Colgate-Palmolive-Peet Company. In 1953 "Peet"
was dropped from the company name, leaving only "Colgate-Palmolive
Company". (Source: Wikipedia)
Benefits
Salary and Rewards
Colgate rewards success. The greater the success, the greater
the reward. We proudly offer:
- Generous Salary and Vacation plus 14 holidays
- Bonuses and Recognition Awards
- Stock Ownership for all employees
Medical
For Colgate people and their families (including domestic partners),
our medical plan options include Health Maintenance Organizations
(HMOs), two Point-of-Service (POS) plans and a Prescription Drug
Plan.
Dental
As the World Leader in Oral Care, Colgate is proud to offer employees
an excellent dental program covering a wide range of services.
Flexible Spending Accounts
Colgate's Flexible Spending Accounts (FSAs) provide a tax-effective
way to cover expenses for dependent care as well as for expenses
not covered under healthcare or dental programs.
Disability
We offer two types of disability benefits:
- Short-Term: Full salary for up to 26 weeks
- Long-Term: Either 50%, 60% or 70% of earnings after 26 weeks
up to age 65 (depending upon options selected)
Life Insurance
Colgate provides the following:
- Life Insurance for employees
- Life Insurance for employees' dependents
- Accidental Death and Dismemberment Insurance (AD&D)
- Travel Accident Insurance
- Option to purchase additional coverage at low group rates
Planning for the Future
To ensure Colgate People enjoy a secure, comfortable retirement,
we offer three programs:
- 401 (k) with up to 70% matching company
contribution
- Profit sharing based on business results
- Company-funded retirement plan
Additional Employee Programs
Our progressive work/life programs, which have helped Colgate
earn recognition as a "Best Place to Work," include:
- Near-site back-up childcare centers
- Emergency in-home care for dependent children and adults
- Academic Advisory Services and Tuition Assistance
- Personal Service, including health & wellness, legal, and
financial
- Counseling Services
- Relocation Assistance
Updated February 1, 2010
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